Home Values

Glen Allen Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$276,000

  • 2.9% 1-year change
  • 2.5% 1-year forecast

The median home value in Glen Allen is $276,000. Glen Allen home values have gone up 2.9% over the past year and Zillow predicts they will rise 2.5% within the next year. The median list price per square foot in Glen Allen is $140, which is higher than the Richmond Metro average of $118. The median price of homes currently listed in Glen Allen is $337,500 while the median price of homes that sold is $284,425. The median rent price in Glen Allen is $1,425, which is higher than the Richmond Metro median of $1,050.

Foreclosures will be a factor impacting home values in the next several years. In Glen Allen 3.5 homes are foreclosed (per 10,000). This is lower than the Richmond Metro value of 4.1 and also lower than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Glen Allen is 2.7%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Glen Allen homeowners underwater on their mortgage is 15.1%, which is lower than Richmond Metro at 22.2%.

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Relative ZHVI
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Glen Allen Market Overview

Data through Feb 28, 2015
  • $276,000 ZHVI
  • 2.5% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Feb 29, 2016)
  • $337,500 Median listing price
  • $284,425 Median sale price
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Glen Allen Market Health

Data through Feb 28, 2015
  • 7.4/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 15.1% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 2.7% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

3.5 homes Glen Allen
4.1 homes Richmond Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Rockville $256,000
Tuckahoe $240,200
Ashland $205,700
Name Median ZHVI
Doswell $201,700
Bon Air $194,400
Chamberlayne $175,700
Name Median ZHVI
Laurel $150,800
Lakeside $146,600
Dumbarton $136,000

Listings & Sales

Data through Feb 28, 2015
  • $140 Median list price / sq ft
  • $130 Median sale price / sq ft
  • 15.4% Listings with price cut
29.1%
Sold below listing
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Glen Allen Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,686 Glen Allen
    $1,336 Richmond Metro
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,425 Rent list price
  • $0.93 Rent list price / sq ft
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